DJ Metcash Looks Oversold, Says Morgan Stanley -- Market Talk05/06/2015 12:11PM AEST
0211 GMT [Dow Jones] Metcash (MTS.AU) is down a further 5% at A$1.08 Friday after a heavy fall the previous day, and that's leading Morgan Stanley to sense a buying opportunity. The broker tips the stock to rise over the next month because it thinks the shares are now oversold following the double-digit drop on Thursday. Investors have taken fright at a A$640 million writedown and Metcash suspending dividend payments. "The flagged sale of the Automotive business and dividend cuts reduce net debt-to-ebitda to a manageable 1.6 times," analyst Thomas Kierath says. Morgan Stanley rates the stock at equal-weight. MTS last traded at A$1.08. ([email protected]; @dwinningWSJ)
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Last
$3.93 |
Change
0.000(0.00%) |
Mkt cap ! $4.319B | |||
| Open | High | Low | Value | Volume |
| $3.91 | $3.94 | $3.89 | $9.466M | 2.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1090 | $3.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 6468 | 1 |
View Market Depth
| Last trade - 16.10pm 15/09/2025 (20 minute delay) ? |
| MTS (ASX) Chart |